Satisfactory Academic Progress and Financial Aid

Students receiving financial assistance are expected to maintain satisfactory progress toward a degree. Any student meeting the following criteria will automatically be considered as making sufficient satisfactory academic progress for financial aid purposes:

• A minimum cumulative grade point average of 1.80 and successful completion of at least 24 semester credit hours after 2 semesters;
• A minimum cumulative grade point average of a 2.0 and completion of 48 semester credit hours after 4 semesters;
• A minimum cumulative grade point average of a 2.0 and completion of 72 semester credit hours after 6 semesters;
• minimum cumulative grade point average of a 2.0 and completion of 96 semester credit hours after 8 semesters.

Students not meeting the above conditions will be considered on a case-by-case basis by the Director of Financial to decide whether satisfactory progress is being made.

In no instance will an undergraduate student be eligible for financial assistance beyond six years of study, or if the minimum cumulative grade point average of 2.0 has not been met after completing four semesters as a full-time student.

Financial Aid includes all Federal and State grants, all Federal and institutional loans, work study and all institutional scholarships.

Governance

The above and all other policies governing the administration of financial aid at Maine Maritime Academy are in accordance with federal and state laws regulating federal and state aid programs which were current at the time of publication.

Students have the right to appeal any financial aid decisions to the Financial Aid Review Committee which is comprised of the Director of Admissions, the Director of Financial Aid, the Registrar, the Director of Residential Life, and a faculty representative. Appeals must be made in writing and submitted to the Director of Financial Aid.